Several companies have cut back or postponed planned U.S. initial public offerings in 2026, as market volatility, tighter valuation scrutiny, and weak performance from comparable newly listed peers have made investors more cautious.
Analysts at Goldman Sachs said earlier this month they still expect IPO activity to pick up, forecasting that the number of offerings could roughly double to around 120 this year. However, they also noted that a recent downturn in software stocks has highlighted how quickly sentiment can shift when valuations look stretched.
In recent weeks, a group of issuers have reduced deal sizes, lowered pricing expectations, or delayed listings entirely while waiting for calmer markets and stronger demand. Among them are Wall Street broker Clear Street, Brazilian fintech Agibank, and Blackstone-backed Liftoff Mobile, all of which adjusted plans amid heightened investor skepticism toward aggressive pricing and high valuation targets.
Clear Street
Clear Street postponed its U.S. IPO, pointing to unfavorable market conditions. The delay came shortly after the New York-based broker significantly reduced its fundraising target. The company said it plans to reconsider a listing at a later date.
Agibank
Agibank completed a smaller-than-planned U.S. IPO, raising $240 million after cutting both its proposed size and price expectations. The São Paulo-based fintech sold 20 million shares at $12 each, after previously indicating a much larger share sale at a higher price range. After debuting midweek, the stock fell sharply and was down nearly 15% from the offer price by the following day’s close.
Liftoff Mobile
Liftoff Mobile decided to postpone its planned New York listing, citing current market conditions. The decision followed a steep selloff in software stocks, and the company said it intends to revisit the IPO when conditions improve.
